According to a report by The Economic Times, India’s biggest financial news daily, ‘many’ politicians across the political divide raised concerns about the possible legalization of bitcoin by the Indian government during a meeting of the Parliamentary Standing Committee on Finance.

The Indian Finance Ministry (FinMin) established an intergovernmental committee to study and research legal frameworks of digital currencies around the world. The committee will ultimately recommend a course of action for the regulatory and legal future of digital currencies like bitcoin in India. The government has also invited citizen comments and discussion on virtual currencies on a government portal. The suggestion box has been open for a week and will close tomorrow, May 31.